HomeMy WebLinkAbout0004 19. Borro~rrr't Rig6t ta Reinatate. Notwithstanding Lender's accele~atio~~ ot the .ums securcd bY this \lortgage, Bor-
ruwer shaU I~ave thc riRht to ha~~e auy pr~xre~lings Ix~uu by l.ende~ to ri~tur~r tl~is \IortRagc tlixuntiuucYl at an~• tir,~e
pri~r to entry ot a judgmei~t entorcing this Mortgagt it: (a) Borrower pays l.ende~ aU sum~ K•hich would Le ihci~ due under
this \lor[gage. the Nute and notrs secu~ii~g Fuwre Advanccs, i[ any, had no accelrratiun occurrc~i: (b) Borrow•r~ cures al)
breaches ot any other co~•enants or agrrements ot Borrowcr tontained in this \lonqage; (c) Borrower pays al! rrawiiaWe
expenses incurrcd by Lendcr in cntorci~~g the co~~enants and agnemenu ot BorrUwer rnntained in this \lortgage and in
rnforcing Lcnder's remcdies as provided in paragtaph 18 hereof, includi~ig, but oot limiteci to, reasonable attorncy's [ees: and
(d) Aorrower taka such actiwi as Lender may reasoiwblr require to assure that the lien of this \lortgap,e, l.ender's interest
i~ the Propecty and Borrower's obligation to pay thc sums secured by thia Aiortgagc shall continue unimpai~ed. llpon such
pa~~rnent and cure by Borrower, this Aiortgage and the obligations secured hereby shall rcmain in (ull torce and et(ect as ii
no acceleratio~ had occurred. ~
Z0. Asignment o[ Rent~ Appointment of Receirer. As additional aecurity hemuncle~, Borrower hereby assigns to
Lender the renu ot the Property, provided that BorroNer shall, prior to•acceleration under paragraph 18 herc~( ~r abandon-
ment o[ the Ptoperty, ha~e the right to collect and retain such rents as they btcomr due and payable.
Upon acceleration uncler pangr.~ph 18 hereof or abandonment oi the Property. Lendcr shaU be entitlecf to ha~•e a te-
ceiver appointed by a court to enter upon, take }x:~ession o[ and manage the Property and to collcct the rents o[ the Prop~
crty, induding those past due. All rents collected by the receiver shall be applied fint to payment ot the costs of managc~
ment ot [he Property and collection ot rents, induding. but not limited to, recei~•er's (ecs, prtmiums on receiver's bonds and
reasonable attorney's Eees, and then to thc sums secured by this I?lortgaqe. The receiver sl~all be liable to account onty for
those rents actually rrteivcd.
Yl. Future Advaaoa. Upon request b} Borrower, l.ender, at Lender's option within twenty }'ears from the date o[ thia
:~tortgage, may make Future Advances to HorroMer. Such Fuwre Advances, with inte~est thereon. shall be secured by this
~tortgaRe when e~~idenceei by.promissory notes stating that said notes are secured hereby. Ae n~ time shall the principal
amount of the indebtednest secured by this ~IortRage. not including sums ad~•anced in accordance herewith to protett the
security ot this ~tortgage, exceed the ariRina! amount of the Note plus USS NONE-----------------~~--
22. Relcasa Upon payment of aU sums secured bp this ~tortgage, Lender shaU rdease this \to~tp,age Mithout charqe
to Borrower. Borrower shaU pa~ all costs of recordation: if any.
23. Attorne~t Fees. As usctil in this ~fortgaqe and in the Nute. "attorney's [ees' shall indude attorne,v's [ees, it any,
which may be awarded by an appellate murt.
IN ~V~T~ess WHEREOF~ BORRO~Y~k has executed this t4iorc~ge.
Signed. sealeci and delivered ~ - (Seal)
in ~e presence of: ALB J. B
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~ ' IS BEL J. AS
• ~r`' . (Seal) _
~ (Seal) ~
FLORIDA
ST:~TE OF G~~ -
• COUN1'~ OF
Mart in
t,,..~~~~~a~~,,, ' . da of
The ~rt~~ng instrument ~vas ackno~vledged before me this nd Y
.'-.-=--~T~^L~~'`~' - 19 79 by ALBERT J. BRAZAS and ISABEL J. BRAZAS his
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~ L.~ G., . C.~„ •~1 commissio~~'R~UC STATf OF FLORIDA A1~ LMGE
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: ~O'RID~ . Mjon~~~H~us
~ ~ ~ Ut~ERWR 1fiS
- S~'ry1~' .
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; ca~~.~#-:it,~c~~ u.
~ The foregoing instrument ~vas ackno~vledged bef~re me this ~ay of
~
! , 19 by and
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, respect~~•e
President and Secretary of
~ a corporation, on behalf of the corpc,ration.
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~ ~a~n• r~b~lc
~ -(seal) ~jy fO171i111SS1017 C!C~ITeS:
~ ~
~
~ (Space Relow~ 'I'his lioe Reserved Por Lender and Recorder)
~ .
~ S S5. SO Fla. Re~~enue Stamps Recei~•eci S 74 . 00 in pa~~ment ot taxes due on
~ Cancelled on Original ~oce.
Class Intangible Pcrsonal Propert}• pursuant to
- Chapter 13-1. LaHS of Florida, Aets o[. 1971.
~
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